Who Generates Higher Gross Profit? Fastenal Company or ITT Inc.

Fastenal vs. ITT: A Decade of Gross Profit Comparison

In the ever-evolving landscape of industrial supply and manufacturing, two giants stand out: Fastenal Company and ITT Inc. Over the past decade, Fastenal has consistently outperformed ITT in terms of gross profit. From 2014 to 2023, Fastenal's gross profit surged by approximately 79%, peaking at $3.35 billion in 2023. In contrast, ITT's growth was more modest, with a 28% increase, reaching $1.11 billion in the same year.

Fastenal's robust growth can be attributed to its strategic expansion and efficient supply chain management, which have allowed it to capture a larger market share. Meanwhile, ITT has faced challenges, including fluctuating demand in its core sectors. Notably, data for 2024 is incomplete, highlighting the dynamic nature of financial reporting. As these companies continue to innovate, investors and industry watchers will be keenly observing their next moves.